A Once-in-a-Decade Opportunity: 1 Magnificent S&P 500 Stock Down 41% to Buy Right Now
Tyler Technologies has yet to recover from the tumble it took when "SaaSpocalypse" fears swamped the software sector.
Overview
Over the course of 2026, the market has swung from a "SaaSpocalypse" panic that pushed software-focused exchange-traded funds (ETFs) down by roughly 30% to a recognition that artificial intelligence (AI) could be a boon for the same companies it was previously expected to demolish.
However, despite this sell-off and subsequent rebound, the iShares Expanded Tech-Software Sector ETF (NYSEMKT: IGV) remains down 4% over the last 12 months compared to the S&P 500's total returns of 21%.
Details
While the fears of AI disruption may have begun to abate (at least for software-as-a-service stocks), there are still plenty of compelling opportunities in the space. Below, we will look at a top-tier option that remains 41% below its high and explain why the SaaS stock's once-in-a-decade valuation and wide moat make it an excellent long-term buy.
Source
Originally published at www.fool.com.